EV (electric vehicles) disruption that many of us were anticipating for years is finally happening, and the proof is that despite all the challenges including pandemic, war, inflation, raw material shortages, etc. global plug-in vehicle registrations went up by 54% in June 2022 compared to June 2021, reaching a record 913,000 units.
With China’s production back on track, sales have recovered their previous growth pace, and it wont be a surprise if the world reaches 1 million plug-in vehicle registrations in forthcoming months.
Related: Global Market Share of EVs Reach 9%- Highest Ever!
With a record month in June 2022, plug-ins represented 16% share of the overall auto market, with BEVs (Battery Electric Vehicles) reaching 12% share! This is the first time BEVs reached double digits globally. Considering the steep drops in the overall market, and that conventional hybrids (HEVs) were down for the third month in a row, that should be considered an amazing result. In June, BEVs (+65% YoY) grew faster than PHEVs (+29%), with the latter powertrain suffering from sales drops in Europe.
In June 2022, Tesla lead the global plug-in sales charts with 157,475 units sold. BYD followed rather closely with 133,885 units however there is a huge gap for the third place holder which is SGMW (SAIC-GM-Wuling) with 49,946 units. Volkswagen with 42,808 new plug-in registrations was at 4th place, BMW with 29,204 at 5th while SAIC Motor with over 29,106 registrations was at 6th position. It was followed by two other Chinese automakers posting record streaks, GAC at 7th place with 24,165 registrations and Chery at 8th position with 23,014 sales. Mercedes and Kia ended the Top-10 podium with around 21,000 units each. Interestingly, 12 out of the top 20 highest selling EV makers in the month of June were Chinese brands.
In year-to-date table, BYD stands at no.1 position with a massive result of over 640,748 units and 15.4% share and maintains a lead of 76,000 units over Tesla which has 564,873 units under its belt. Tesla’s 13.6% market share went down from 15.2% a year earlier whereas BYD’s market share went up from 5.9% of last year, thanks to 2.6x more sales compared to previous year.
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com